The amount to be paid by CTG Brasil in accordance with the Stock Purchase and Sale Agreement for all shares held by the Company in the three subsidiaries is: i) R$970 million subject to usual adjustments on this type of operation, ii) the assumption of the short- and long-term gross debt of the three subsidiaries, which on December 31, 2014 amounted to R$770.4 million; and iii) the potential payment of R$148.5 million, contingent upon the achievement of certain events.
The transaction to divest the assets Rio Verde, Rio Canoas and TNE is connected with the commitment of the Company to improve its capital structure and position it for a new growth cycle.
